Utilities

The Los Angeles-area wildfires have sparked a negative rating watch for several credits from Fitch Ratings.

Trading in Los Angeles credits has become more volatile. An L.A. Department of Water and Power deal slated for Wednesday went day-to-day.

The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds with a mix of new money and refunding debt.

A decline in debt service coverage drove S&P's four-notch downgrade for Salinas, California, sewer revenue debt, which it placed on CreditWatch negative.

The county achieved its many goals through long-running discipline, planning, and intelligent risk taking.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

The upgrade affects most but not all of MEAG's outstanding bonds.

Observers say the decision may be a credit positive for the financially struggling utility

The downgrade affects $2.1 billion in bond debt and extends to its utility debt.

Recent EPA regulations mandating utilities remove lead pipes from distribution systems within 10 years will add to the financial burden.